<h2>最近的价格表现和业务规模</h2>
<p>迪尔（Deere，DE）最近股价回落，过去一天股价下跌约 2%，过去一周下跌 5%，过去一个月下跌 5%。</p>
<p>从更长的时间来看，过去三个月股价下跌约 6%，但年初至今仍上涨，整体回报约为 20%，过去一年上涨约 7%。</p>
<p>该公司年收入约为 467 亿美元，净收入约为 48 亿美元，得益于其在农业、草坪、建筑、林业和金融服务等四个业务部门的支持。</p>
<p>请查看我们对迪尔的最新分析。</p>
<p>迪尔股价近期的疲软，包括过去一个月和一个季度的下跌，与年初至今股价的强劲回报和稳健的多年度股东回报形成对比。这表明在强劲的表现后，动能有所减弱。</p>
<p>如果您正在寻找与大型设备相关的其他机会，现在可能是审视 34 家电网技术和基础设施股票的好时机。</p>
<p>目前迪尔的交易价格约为 561.83 美元，一些分析师给出了更高的价格目标，加上估计的内在价值差距，关键问题很简单：这是一个真正的价值机会，还是市场已经在定价未来的增长？</p>
<h2>最受欢迎的叙述：低估 16%</h2>
<p>迪尔最近收盘价约为 561.83 美元，而叙述的公允价值约为 665 美元，当前价格低于这一广泛关注的框架所暗示的水平。</p>
<blockquote>
<p><em>迪尔的精准农业和自动化解决方案（例如，JDLink Boost、Precision Essentials 套件、See &amp; Spray 技术和新自动化功能）的快速采用正在推动更高价值产品的销售和全球软件参与度的提升。这使得迪尔能够受益于向高效、技术驱动的农业转型，这应该通过更高利润的重复软件和数据服务提升未来的收入和净利润率。</em></p>
</blockquote>
<p><em>阅读完整叙述。</em></p>
<p>好奇稳定的收入假设如何仍然支持更高的价值，而利润和利润率预计将发挥重要作用，以及这对迪尔未来的盈利能力和估值倍数意味着什么。</p>
<p><strong>结果：公允价值为 665.10 美元（低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，这取决于成本和需求，较高的关税和北美大型农业销售的急剧下降都可能对利润率造成压力。</p>
<p>了解这一迪尔叙述的关键风险。</p>
<h2>另一种观点：市盈率对迪尔的看法</h2>
<p>虽然叙述的公允价值表明迪尔被低估，但其当前市盈率为 31.5 倍，高于美国机械行业的 25.9 倍和同行平均的 25.3 倍，尽管公允比率指向 41.6 倍。市场是否已经为这个故事支付了溢价，还是在情绪改善时留有上行空间？</p>
<p>为了更清楚地了解当前市盈率、行业水平、同行和公允比率之间的差距如何影响您的风险和回报权衡，请查看我们对这一价格的数字分析——在我们的估值分析中了解更多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/aaea2ecf-c4c6-40d1-b0b5-d99254559a35/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA1LTE4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1640" height="650" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/aaea2ecf-c4c6-40d1-b0b5-d99254559a35/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA1LTE4"/></p>
<p>纽约证券交易所：DE 市盈率截至 2026 年 5 月</p>
<h2>下一步</h2>
<p>在估值、增长和周期风险的情绪混合之际，现在是自己查看数字的时刻，权衡担忧和上行空间，看看两个关键回报和一个重要警告信号。</p>
<h2>寻找更多投资想法？</h2>
<p>如果迪尔在您的关注范围内，不要止步于此。利用这个时刻将其与其他引人注目的股票想法进行比较，完善您的观察名单。</p>
<ul>
<li>通过扫描 51 只高质量低估股票，发现潜在的便宜货。</li>
<li>通过审查 66 只低风险的抗压股票，优先考虑韧性，晚上睡得更安心。</li>
<li>通过查看包含 21 只高质量未被发现的宝藏的筛选器，抢先一步。</li>
</ul>
<p><em>本文由 Simply Wall St 撰写，性质一般。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也不考虑您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
<h3><strong>新功能：在一个地方管理您的所有股票投资组合</strong></h3>
<p>我们为股票投资者创建了 <strong>终极投资组合伴侣</strong>，<strong>并且是免费的。</strong></p>
<p>• 连接无限数量的投资组合，并以一种货币查看您的总额</p>
<p>• 通过电子邮件或手机接收新的警告信号或风险提示</p>
<p>• 跟踪您股票的公允价值</p>
<p>免费试用演示投资组合</p>

迪尔

<p>迪尔（Deere，股票代码：DE）的股票最近回调，单日下跌 2%，过去一周和一个月均下跌 5%，尽管年初至今的回报率为 20%。分析师认为，当前股价 561.83 美元低于 665 美元的合理价值，显示出被低估的迹象。该公司在精准农业和自动化领域的增长预计将提升未来的收入和利润率。然而，风险包括更高的关税和北美农业销售的下降。目前的市盈率为 31.5 倍，超过行业平均水平，这引发了市场情绪的质疑</p>

<h2>Recent price performance and business scale</h2>
<div class="lb-trans"><h2>最近的价格表现和业务规模</h2>
</div><p>Deere (DE) has seen its stock pull back recently, with the share price down about 2% over the past day, 5% over the past week, and 5% over the past month.</p>
<div class="lb-trans"><p>迪尔（Deere，DE）最近股价回落，过去一天股价下跌约 2%，过去一周下跌 5%，过去一个月下跌 5%。</p>
</div><p>Over a longer horizon, the stock is down roughly 6% over the past 3 months but remains higher year to date with a total return of about 20% and around 7% over the past year.</p>
<div class="lb-trans"><p>从更长的时间来看，过去三个月股价下跌约 6%，但年初至今仍上涨，整体回报约为 20%，过去一年上涨约 7%。</p>
</div><p>The company reports annual revenue of about US$46.7b and net income of roughly US$4.8b, supported by its four operating segments across agriculture, turf, construction, forestry, and financial services.</p>
<div class="lb-trans"><p>该公司年收入约为 467 亿美元，净收入约为 48 亿美元，得益于其在农业、草坪、建筑、林业和金融服务等四个业务部门的支持。</p>
</div><p>See our latest analysis for Deere.</p>
<div class="lb-trans"><p>请查看我们对迪尔的最新分析。</p>
</div><p>Recent weakness in Deere’s share price, including a decline over the past month and quarter, contrasts with a stronger year to date share price return and solid multi year total shareholder returns. This suggests momentum has cooled after a stronger run.</p>
<div class="lb-trans"><p>迪尔股价近期的疲软，包括过去一个月和一个季度的下跌，与年初至今股价的强劲回报和稳健的多年度股东回报形成对比。这表明在强劲的表现后，动能有所减弱。</p>
</div><p>If you are scanning for other opportunities tied to large scale equipment, this could be a good moment to review 34 power grid technology and infrastructure stocks</p>
<div class="lb-trans"><p>如果您正在寻找与大型设备相关的其他机会，现在可能是审视 34 家电网技术和基础设施股票的好时机。</p>
</div><p>With Deere trading around US$561.83 and some analysts assigning higher price targets, plus an estimated intrinsic value gap, the key question is simple: is this a genuine value opportunity or is the market already pricing in future growth?</p>
<div class="lb-trans"><p>目前迪尔的交易价格约为 561.83 美元，一些分析师给出了更高的价格目标，加上估计的内在价值差距，关键问题很简单：这是一个真正的价值机会，还是市场已经在定价未来的增长？</p>
</div><h2>Most Popular Narrative: 16% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：低估 16%</h2>
</div><p>With Deere last closing at about $561.83 against a narrative fair value of roughly $665, the current price sits below what this widely followed framework implies.</p>
<div class="lb-trans"><p>迪尔最近收盘价约为 561.83 美元，而叙述的公允价值约为 665 美元，当前价格低于这一广泛关注的框架所暗示的水平。</p>
</div><blockquote>
<p><em>Rapid adoption of Deere's precision agriculture and automation solutions (e.g., JDLink Boost, Precision Essentials bundles, See &amp; Spray tech, and new automation features) is driving higher-value product sales and increased software engagement globally. This is positioning Deere to benefit from shifts toward high-efficiency, technology-enabled farming, and this should lift both future revenue and net margins through higher-margin recurring software and data services.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>迪尔的精准农业和自动化解决方案（例如，JDLink Boost、Precision Essentials 套件、See &amp; Spray 技术和新自动化功能）的快速采用正在推动更高价值产品的销售和全球软件参与度的提升。这使得迪尔能够受益于向高效、技术驱动的农业转型，这应该通过更高利润的重复软件和数据服务提升未来的收入和净利润率。</em></p>
</blockquote>
</div><p><em>Read the complete narrative.</em></p>
<div class="lb-trans"><p><em>阅读完整叙述。</em></p>
</div><p>Curious how steady top line assumptions still support a higher value, while profits and margins are expected to do the heavy lifting, and what that implies for Deere's future earnings power and valuation multiple.</p>
<div class="lb-trans"><p>好奇稳定的收入假设如何仍然支持更高的价值，而利润和利润率预计将发挥重要作用，以及这对迪尔未来的盈利能力和估值倍数意味着什么。</p>
</div><p><strong>Result: Fair Value of $665.10 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 665.10 美元（低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, this hinges on costs and demand, with higher tariffs and a sharp projected drop in North American large ag sales both capable of pressuring margins.</p>
<div class="lb-trans"><p>然而，这取决于成本和需求，较高的关税和北美大型农业销售的急剧下降都可能对利润率造成压力。</p>
</div><p>Find out about the key risks to this Deere narrative.</p>
<div class="lb-trans"><p>了解这一迪尔叙述的关键风险。</p>
</div><h2>Another View: What P/E Says About Deere</h2>
<div class="lb-trans"><h2>另一种观点：市盈率对迪尔的看法</h2>
</div><p>While the narrative fair value suggests Deere is undervalued, its current P/E of 31.5x is higher than both the US Machinery industry at 25.9x and its peer average of 25.3x, even though the fair ratio points to 41.6x. Is the market already paying up for the story here or leaving room for upside if sentiment improves?</p>
<div class="lb-trans"><p>虽然叙述的公允价值表明迪尔被低估，但其当前市盈率为 31.5 倍，高于美国机械行业的 25.9 倍和同行平均的 25.3 倍，尽管公允比率指向 41.6 倍。市场是否已经为这个故事支付了溢价，还是在情绪改善时留有上行空间？</p>
</div><p>For a clearer sense of how this gap between current P/E, industry levels, peers, and the fair ratio could affect your risk and return trade off, take a look at the See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>为了更清楚地了解当前市盈率、行业水平、同行和公允比率之间的差距如何影响您的风险和回报权衡，请查看我们对这一价格的数字分析——在我们的估值分析中了解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/aaea2ecf-c4c6-40d1-b0b5-d99254559a35/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA1LTE4" alt="" original-src="https://images.simplywall.st/company/aaea2ecf-c4c6-40d1-b0b5-d99254559a35/chart/pe-multiple-vs-industry?date=2026-05-18"/></p>
<p>NYSE:DE P/E Ratio as at May 2026</p>
<div class="lb-trans"><p>纽约证券交易所：DE 市盈率截至 2026 年 5 月</p>
</div><h2>Next Steps</h2>
<div class="lb-trans"><h2>下一步</h2>
</div><p>With sentiment mixed across valuation, growth, and cyclic risk, this is the moment to look through the numbers yourself, weigh both the concern and the upside, and see how the 2 key rewards and 1 important warning sign</p>
<div class="lb-trans"><p>在估值、增长和周期风险的情绪混合之际，现在是自己查看数字的时刻，权衡担忧和上行空间，看看两个关键回报和一个重要警告信号。</p>
</div><h2>Looking for more investment ideas?</h2>
<div class="lb-trans"><h2>寻找更多投资想法？</h2>
</div><p>If Deere is on your radar, do not stop there. Use this moment to compare it with other compelling stock ideas and sharpen your watchlist.</p>
<div class="lb-trans"><p>如果迪尔在您的关注范围内，不要止步于此。利用这个时刻将其与其他引人注目的股票想法进行比较，完善您的观察名单。</p>
</div><ul>
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<li>Get ahead of the crowd by checking the screener containing 21 high quality undiscovered gems.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过扫描 51 只高质量低估股票，发现潜在的便宜货。</li>
<li>通过审查 66 只低风险的抗压股票，优先考虑韧性，晚上睡得更安心。</li>
<li>通过查看包含 21 只高质量未被发现的宝藏的筛选器，抢先一步。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>本文由 Simply Wall St 撰写，性质一般。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也不考虑您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div><h3><strong>New:</strong> Manage All Your Stock Portfolios in One Place</h3>
<div class="lb-trans"><h3><strong>新功能：在一个地方管理您的所有股票投资组合</strong></h3>
</div><p>We've created the <strong>ultimate portfolio companion</strong> for stock investors, <strong>and it's free.</strong></p>
<div class="lb-trans"><p>我们为股票投资者创建了 <strong>终极投资组合伴侣</strong>，<strong>并且是免费的。</strong></p>
</div><p>• Connect an unlimited number of Portfolios and see your total in one currency</p>
<div class="lb-trans"><p>• 连接无限数量的投资组合，并以一种货币查看您的总额</p>
</div><p>• Be alerted to new Warning Signs or Risks via email or mobile</p>
<div class="lb-trans"><p>• 通过电子邮件或手机接收新的警告信号或风险提示</p>
</div><p>• Track the Fair Value of your stocks</p>
<div class="lb-trans"><p>• 跟踪您股票的公允价值</p>
</div><p>Try a Demo Portfolio for Free</p>
<div class="lb-trans"><p>免费试用演示投资组合</p>
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在近期股价回调以及精准农业增长故事之后，评估迪尔（DE）的估值